Max Co., Ltd. (6454) AI Stock Analysis

• Market Cap: ¥256.98B
• Dividend Yield: 2.05%
• Average Volume (3M): 50.41K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 0.74
• Revenue Growth: 6.21%
• EPS Growth: 6.75%
• Country: JP
• Employees: 2,456
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Distribution
• EPS (TTM): 78.27
• Shares Outstanding: 46,537,426
• 10 Day Avg. Volume: 42,150
• 30 Day Avg. Volume: 50,410
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥6,370.00
• Price Target Upside: 14.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: ¥6,370.00 ▲(14.57% Upside)

Max Co., Ltd. scores well due to its strong financial performance and positive technical indicators. The company's low leverage and solid cash flow management enhance its financial stability. However, the high P/E ratio suggests potential overvaluation, and the RSI indicates the stock may be nearing overbought conditions.

Max Co., Ltd. Business Overview & Revenue Model

Company Description

Max Co., Ltd. (6454) is a leading company in the manufacturing and distribution of precision machinery and components. Operating primarily within the industrial equipment sector, Max Co. specializes in producing high-quality fasteners, tools, and automation systems that cater to various industries, including automotive, electronics, and construction. The company is known for its innovative technologies and commitment to quality, which has positioned it as a trusted partner for many global enterprises.

How the Company Makes Money

Max Co., Ltd. generates revenue primarily through the sale of its precision machinery and components, including fasteners, tools, and automation systems. The company operates on a B2B model, supplying its products to manufacturers and industrial clients across various sectors. Key revenue streams include direct sales to large corporations, long-term contracts with major clients, and partnerships with distributors that expand its market reach. Additionally, Max Co. benefits from research and development collaborations with industry leaders, which not only enhance its product offerings but also open new avenues for revenue through joint ventures and technology licensing agreements.

Max Co., Ltd. Financial Statement Overview

Summary

Max Co., Ltd. exhibits strong financial performance with consistent revenue growth, solid profit margins, and effective cash flow management. The low leverage and high equity ratio provide financial stability, positioning the company well for future opportunities.

Income Statement

Max Co., Ltd. shows strong financial performance with consistent revenue growth and solid profit margins. The TTM data reveals a gross profit margin of 47.10% and a net profit margin of 12.22%, indicating efficient cost management and profitability. The revenue growth rate of 1.80% in the TTM period is modest but positive, reflecting steady business expansion. EBIT and EBITDA margins are healthy at 15.12% and 18.72%, respectively, showcasing operational efficiency.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.014, indicating minimal leverage and financial stability. The return on equity (ROE) is strong at 10.90%, reflecting effective use of shareholder funds to generate profits. The equity ratio stands at 85.14%, highlighting a solid equity base and low reliance on debt financing.

Cash Flow

Max Co., Ltd. demonstrates healthy cash flow management with a free cash flow growth rate of 4.95% in the TTM period. The operating cash flow to net income ratio is nearly 1, indicating strong cash generation relative to net income. The free cash flow to net income ratio of 0.81 suggests efficient conversion of profits into cash, supporting future investments and shareholder returns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	93.49B	91.84B	86.64B	84.32B	73.96B	64.03B
Gross Profit	44.14B	42.61B	39.86B	36.13B	31.39B	27.32B
EBITDA	18.28B	18.55B	16.79B	12.95B	11.12B	9.21B
Net Income	11.48B	11.23B	10.44B	7.62B	6.09B	5.15B
Balance Sheet
Total Assets	121.98B	124.61B	121.72B	116.74B	109.04B	102.54B
Cash, Cash Equivalents and Short-Term Investments	39.86B	43.66B	38.22B	33.82B	28.11B	25.33B
Total Debt	875.00M	1.52B	1.77B	2.65B	2.63B	2.60B
Total Liabilities	18.02B	18.57B	21.87B	27.84B	25.91B	23.84B
Stockholders Equity	103.83B	105.91B	99.73B	88.79B	83.03B	78.60B
Cash Flow
Free Cash Flow	12.43B	11.84B	9.16B	4.64B	1.24B	3.57B
Operating Cash Flow	15.03B	14.59B	12.12B	8.25B	5.63B	8.80B
Investing Cash Flow	-2.34B	-1.75B	-3.71B	-1.08B	-1.65B	-5.35B
Financing Cash Flow	-8.22B	-7.61B	-7.20B	-3.33B	-3.27B	-4.48B

Max Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5560.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6454, the sentiment is Positive. The current price of 5560 is below the 20-day moving average (MA) of 5679.50, above the 50-day MA of 5431.40, and above the 200-day MA of 4427.06, indicating a neutral trend. The MACD of 54.73 indicates Positive momentum. The RSI at 47.73 is Neutral, neither overbought nor oversold. The STOCH value of 15.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6454.

Max Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9830	82 Outperform	159.78B	9.34	9.25%	2.27%	10.55%	33.89%
7456	76 Outperform	99.72B	10.77	9.77%	1.81%	31.26%	26.32%
6454	76 Outperform	¥256.98B	22.52	―	2.05%	6.21%	6.75%
8061	75 Outperform	66.49B	11.80	16.52%	3.79%	12.01%	-23.10%
9902	72 Outperform	82.36B	17.52	5.67%	2.33%	5.72%	2.77%
7128	71 Outperform	56.57B	20.61	6.38%	3.19%	-2.41%	-43.98%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Max Co., Ltd. Corporate Events

MAX Co., Ltd. Completes Treasury Share Disposal for Compensation

MAX Co., Ltd. has completed the payment process for the disposal of treasury shares as restricted stock compensation, a decision made by the Board of Directors on July 7, 2025. This move involves the disposal of 12,295 shares at a price of 4,595 yen per share, totaling 56,495,525 yen, and is aimed at compensating directors and executive officers, potentially impacting the company’s financial strategies and stakeholder interests.

MAX Co., Ltd. Completes Share Repurchase to Boost Shareholder Value

MAX Co., Ltd. announced the successful repurchase of 428,500 of its own shares through the Tokyo Stock Exchange’s off-auction trading system, at a total cost of 2,168,210,000 yen. This move aims to enhance shareholder returns and improve capital efficiency, reflecting the company’s strategic focus on optimizing its capital structure and delivering value to its stakeholders.

MAX Co., Ltd. Announces Share Repurchase Plan to Enhance Shareholder Value

MAX Co., Ltd. has announced a resolution to repurchase up to 500,000 of its own shares through the Tokyo Stock Exchange’s off-auction trading system, ToSTNeT-3. This strategic move, aimed at enhancing shareholder value, involves a maximum acquisition value of 2.53 billion yen and reflects the company’s ongoing efforts to optimize its capital structure and improve market confidence.

MAX Co., Ltd. Announces Share Buyback Plan to Boost Shareholder Value

MAX Co., Ltd. has announced a plan to acquire up to 1,000,000 of its own shares, representing 2.18% of the total shares issued, excluding treasury shares. This strategic move, with a maximum budget of 5.5 billion yen, aims to enhance shareholder returns and improve capital efficiency, reflecting the company’s proactive approach to managing its financial resources and market position.

Max Co., Ltd. Reports Strong Q1 2025 Financial Results and Positive Outlook

Max Co., Ltd. reported a significant increase in its financial performance for the three months ending June 30, 2025, with net sales rising by 7.3% and operating profit increasing by 22.7% compared to the previous year. The company also revised its financial forecast for the fiscal year ending March 31, 2026, indicating expected growth in net sales and profits, which suggests a positive outlook for stakeholders and potential strengthening of its market position.

MAX Co., Ltd. Upgrades Earnings Forecasts Amid Strong Q1 Performance

MAX Co., Ltd. has revised its earnings forecasts for the first half and full fiscal year ending March 31, 2026, due to strong business performance in the first quarter. The company anticipates higher net sales and profits, reflecting a positive outlook and improved financial performance, which could strengthen its market position and benefit stakeholders.

MAX Co., Ltd. Announces Disposal of Treasury Shares for Executive Incentives

MAX Co., Ltd. has announced the disposal of 12,295 treasury shares as part of a restricted stock compensation plan aimed at incentivizing its directors and executive officers. This move is designed to enhance corporate value and align the interests of management with shareholders, reflecting the company’s commitment to sustainable growth and value sharing.

MAX Co., Ltd. Announces Key Personnel Changes

MAX Co., Ltd. has announced personnel changes effective July 1, 2025, following a Board of Directors meeting. The changes involve the transfer of senior managers within the company, with Nobuyuki Matsuda moving to the role of General Manager of the Corporate Planning Department and Yasushi Nakagawa stepping into the position of Deputy General Manager of the Fujioka Factory.